USD/JPY trades above 157.00 for the first time since ... yesterday ...Middle East

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Just an update on the yen, its retracing some if its losses from Monday. There is no fresh news, although we've had remarks out of Kanda earlier, and more:Japan's Kanda says need to take appropriate actions on FXHow to confirm Japanese intervention in yen (TL;DR is wait until the end of May!)UBS on the yen: "Looks like intervention", if it was its unlikely to have a lasting impact This article was written by Eamonn Sheridan at www.forexlive.com.

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